SML Mahindra, 505192, SMLMAH Share Price, Rating, Research, Analysis, Fundamental & Historical Data

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

9,131.83
58.38
10

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

9,391.28
0.37%
15.66

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

7.66
25.16
8.92

EBITDA CAGR (%)

10 Years
5 Years
3 Years

9.73
-
9.25

PAT CAGR (%)

10 Years
5 Years
3 Years

9.75
-
13.98

P:E (Median)

8 Years
5 Years
3 Years

26.44
22.86
30.91

P:BV (Average)

8 Years
5 Years
3 Years

6.98
8.50
9.92

EV:EBITDA (Average)

8 Years
5 Years
3 Years

-37.44
-63.63
17.48

Earnings Forecasts:

(Updated: 29-08-2026)

Description 2026 2027 2028 2029
Adj EPS 83 -17 - -
P/E Ratio 75.89 -370.50 - -
Revenue - - - -
EBITDA - - - -
Net Income - - - -
ROA - - - -
P/B Ratio - - - -
ROE - - - -
FCFF - - - -
FCFF Yield - - - -
Net Debt - - - -
BVPS - - - -

Quarterly Results

Standalone Figures in Rs. Crores /

Consolidated

Description Jun 26 Jun 25 Var% Mar 26 Mar 25 Var% Dec 25 Dec 24 Var% Sep 25 Sep 24 Var%
Net Sales 957.54 845.89 13.20% 897.65 771.38 16.37% 539.27 331.80 62.53% 555.11 549.71 0.98%
Expenses 857.44 740.88 15.73% 807.27 680.94 18.55% 498.18 313.47 58.92% 513.19 504.91 1.64%
EBITDA 100.10 105.01 -4.68% 90.38 90.44 -0.07% 41.09 18.33 124.17% 41.92 44.80 -6.43%
EBIDTM 10.45% 12.41% 10.07% 11.72% 7.62% 5.52% 7.55% 8.15%
Other Income 1.19 2.06 -42.23% 2.58 1.72 50.00% 1.56 1.63 -4.29% 2.12 1.55 36.77%
Interest 2.74 5.09 -46.17% 6.99 8.93 -21.72% 5.79 7.10 -18.45% 2.87 5.75 -50.09%
Depreciation 13.27 12.43 6.76% 13.37 12.09 10.59% 13.34 12.11 10.16% 12.89 12.07 6.79%
PBT 85.28 89.55 -4.77% 72.60 71.14 2.05% 23.52 0.75 3,036.00% 28.28 28.53 -0.88%
Tax 21.66 22.59 -4.12% 18.40 18.19 1.15% 5.98 0.22 2,618.18% 7.23 6.73 7.43%
PAT 63.62 66.96 -4.99% 54.20 52.95 2.36% 17.54 0.53 3,209.43% 21.05 21.80 -3.44%
PATM 6.64% 7.92% 6.04% 6.86% 3.25% 0.16% 3.79% 3.97%
EPS 43.88 46.18 -4.98% 37.38 36.52 2.35% 12.10 0.37 3,170.27% 14.52 15.03 -3.39%

Description Mar 26 Mar 25 Var% Dec 25 Dec 24 Var% Sep 25 Sep 24 Var% Jun 25 Jun 24 Var%
Net Sales 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Expenses 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
EBITDA 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
EBIDTM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Other Income 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Interest 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Depreciation 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
PBT 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Tax 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
PAT 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
PATM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EPS 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0

Annual Results

Standalone Figures in Rs. Crores

Description TTM Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Net Sales 2,949.57 2,837.92 2,398.99 2,195.93 1,821.59 924.17 591.04 1,154.16 1,409.22 1,135.05 1,356.17 Net Sales Growth 18.04% 18.30% 9.25% 20.55% 97.11% 56.36% -48.79% -18.10% 24.15% -16.30% Cost Of Goods Sold 2,268.15 2,167.00 1,822.12 1,697.32 1,461.19 757.45 470.67 904.22 1,061.34 840.39 1,001.02 Gross Profit 681.42 670.92 576.87 498.61 360.40 166.72 120.37 249.94 347.87 294.65 355.15 GP Margin 23.10% 23.64% 24.05% 22.71% 19.78% 18.04% 20.37% 21.66% 24.69% 25.96% 26.19% Total Expenditure 2,676.08 2,559.52 2,164.44 2,017.02 1,739.95 965.36 659.83 1,142.27 1,334.84 1,089.78 1,246.18 Power & Fuel Cost - 12.48 8.74 10.26 9.85 7.93 6.05 8.33 11.89 11.57 11.39 % Of Sales - 0.44% 0.36% 0.47% 0.54% 0.86% 1.02% 0.72% 0.84% 1.02% 0.84% Employee Cost - 227.58 206.26 195.69 172.45 132.78 133.47 155.15 166.70 146.12 140.25 % Of Sales - 8.02% 8.60% 8.91% 9.47% 14.37% 22.58% 13.44% 11.83% 12.87% 10.34% Manufacturing Exp. - 21.50 20.09 17.62 13.70 12.85 11.60 13.46 14.11 15.00 12.47 % Of Sales - 0.76% 0.84% 0.80% 0.75% 1.39% 1.96% 1.17% 1.00% 1.32% 0.92% General & Admin Exp. - 22.14 20.19 15.65 13.81 10.63 8.97 15.13 18.13 19.15 20.92 % Of Sales - 0.78% 0.84% 0.71% 0.76% 1.15% 1.52% 1.31% 1.29% 1.69% 1.54% Selling & Distn. Exp. - 99.79 79.52 73.36 63.91 39.04 24.83 38.39 52.11 48.13 51.66 % Of Sales - 3.52% 3.31% 3.34% 3.51% 4.22% 4.20% 3.33% 3.70% 4.24% 3.81% Miscellaneous Exp. - 9.02 7.52 7.12 5.04 4.69 4.25 7.59 10.54 9.42 51.66 % Of Sales - 0.32% 0.31% 0.32% 0.28% 0.51% 0.72% 0.66% 0.75% 0.83% 0.62% EBITDA 273.49 278.40 234.55 178.91 81.64 -41.19 -68.79 11.89 74.38 45.27 109.99 EBITDA Margin 9.27% 9.81% 9.78% 8.15% 4.48% -4.46% -11.64% 1.03% 5.28% 3.99% 8.11% Other Income 7.45 8.33 6.05 5.41 3.12 5.96 4.93 5.14 4.49 3.11 4.15 Interest 18.39 20.75 29.88 30.35 25.04 21.51 23.34 14.63 16.10 10.52 6.18 Depreciation 52.87 52.03 48.35 47.52 42.43 43.53 46.17 40.72 38.44 28.40 23.82 PBT 209.68 213.95 162.38 106.45 17.28 -100.27 -133.37 -38.32 24.33 9.46 84.15 Tax 53.27 54.20 40.70 -1.43 -2.56 -0.51 0.12 -17.26 4.76 0.96 21.14 Tax Rate 25.41% 25.33% 25.06% -1.34% -14.81% 0.51% -0.09% 45.04% 19.56% 10.15% 25.12% PAT 156.41 159.75 121.67 107.88 19.84 -99.76 -133.49 -21.06 19.57 8.50 63.01 PAT before Minority Interest 156.41 159.75 121.67 107.88 19.84 -99.76 -133.49 -21.06 19.57 8.50 63.01 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 5.30% 5.63% 5.07% 4.91% 1.09% -10.79% -22.59% -1.82% 1.39% 0.75% 4.65% PAT Growth 9.96% 31.30% 12.78% 443.75% - - - - 130.24% -86.51% EPS 107.87 110.17 83.91 74.40 13.68 -68.80 -92.06 -14.52 13.50 5.86 43.46

Results Balance Sheet

Standalone Figures in Rs. Crores

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Shareholder's Funds 519.34 382.66 285.59 177.95 161.49 255.57 384.87 413.59 398.06 403.80 Share Capital 14.48 14.48 14.48 14.48 14.48 14.48 14.48 14.48 14.48 14.48 Total Reserves 504.86 368.18 271.11 163.47 147.01 241.09 370.39 399.11 383.58 389.32 Non-Current Liabilities 87.73 145.05 88.29 56.16 45.90 84.02 138.46 162.35 180.91 100.87 Secured Loans 10.65 62.55 38.41 7.49 0.00 0.00 0.00 0.00 0.00 0.00 Unsecured Loans 0.00 0.00 1.94 9.03 9.03 46.88 94.83 104.24 118.49 35.01 Long Term Provisions 33.40 48.01 50.28 40.07 34.42 33.17 36.78 43.94 45.63 46.75 Current Liabilities 789.71 771.70 819.56 684.96 593.39 441.59 320.12 519.10 407.70 280.69 Trade Payables 405.55 370.13 331.88 291.61 244.75 182.94 167.09 272.30 211.82 190.71 Other Current Liabilities 127.15 141.13 105.16 153.33 104.44 84.90 93.17 103.27 105.77 65.44 Short Term Borrowings 216.27 225.04 350.01 223.98 234.42 160.00 32.97 110.07 70.00 5.11 Short Term Provisions 40.75 35.40 32.51 16.04 9.78 13.75 26.89 33.45 20.10 19.43 Total Liabilities 1,396.78 1,299.41 1,193.44 919.07 800.78 781.18 843.45 1,095.04 986.67 785.36 Net Block 337.11 321.04 340.50 355.90 348.95 388.61 426.17 379.87 365.03 215.36 Gross Block 716.50 659.26 638.07 609.99 563.50 561.28 554.05 469.41 416.73 239.17 Accumulated Depreciation 379.39 338.22 297.57 254.10 214.55 172.68 127.88 89.54 51.70 23.81 Non Current Assets 408.06 396.12 368.83 380.90 380.28 417.50 460.66 438.27 430.39 335.29 Capital Work in Progress 46.89 59.49 10.58 11.18 16.41 5.06 3.15 27.13 34.86 78.17 Non Current Investment 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Long Term Loans & Adv. 21.53 12.84 15.33 10.68 13.52 20.00 21.99 25.68 28.13 40.32 Other Non Current Assets 2.52 2.76 2.42 3.15 1.41 3.83 9.35 5.59 2.36 1.44 Current Assets 988.72 903.29 824.61 538.16 420.49 363.68 382.79 656.76 556.27 450.06 Current Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Inventories 660.67 577.99 579.73 421.89 295.99 260.06 268.91 423.75 363.78 294.58 Sundry Debtors 270.21 265.25 168.97 75.75 78.92 39.22 39.46 148.65 117.28 114.76 Cash & Bank 20.70 19.84 48.69 5.84 13.63 33.12 36.33 30.17 21.96 7.64 Other Current Assets 37.14 6.49 4.82 3.36 31.95 31.28 38.09 54.19 53.25 33.08 Short Term Loans & Adv. 29.87 33.72 22.39 31.32 22.95 24.21 30.85 48.17 49.43 29.61 Net Current Assets 199.01 131.59 5.05 -146.80 -172.90 -77.91 62.66 137.67 148.57 169.37 Total Assets 1,396.78 1,299.41 1,193.44 919.06 800.77 781.18 843.45 1,095.03 986.66 785.35

Cash Flow

Standalone Figures in Rs. Crores

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Cash From Operating Activity 156.19 177.48 -49.68 90.06 -18.61 -46.66 150.01 55.21 -32.79 120.62 PBT 213.95 162.38 106.45 17.28 -100.27 -133.37 -38.32 24.33 9.46 84.15 Adjustment 75.90 75.44 77.97 63.50 58.32 66.97 58.35 55.78 35.18 27.42 Changes in Working Capital -80.59 -59.87 -232.73 3.13 12.77 20.27 129.68 -20.92 -71.80 33.22 Cash after chg. in Working capital 209.26 177.95 -48.31 83.91 -29.17 -46.14 149.71 59.19 -27.16 144.78 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -53.07 -0.46 -1.37 6.15 10.56 -0.52 0.30 -3.98 -5.63 -24.16 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -65.83 -60.94 -45.80 -42.09 -6.96 -28.21 -46.75 -57.97 -98.26 -89.16 Net Fixed Assets -44.64 -70.10 -27.48 -41.26 -13.57 -9.14 -60.66 -44.95 -134.25 5.84 Net Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Others -21.19 9.16 -18.32 -0.83 6.61 -19.07 13.91 -13.02 35.99 -95.00 Cash from Financing Activity -88.96 -148.26 126.81 -55.16 17.42 60.28 -96.88 10.26 145.62 -33.74 Net Cash Inflow / Outflow 1.41 -31.72 31.33 -7.18 -8.15 -14.59 6.38 7.50 14.57 -2.28 Opening Cash & Equivalents 3.10 34.82 3.49 10.67 18.83 33.83 27.45 19.95 5.38 7.67 Closing Cash & Equivalent 4.51 3.10 34.82 3.49 10.67 19.25 33.83 27.45 19.95 5.38

Financial Ratios

Standalone

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Book Value (Rs.) 358.86 264.42 197.34 122.96 111.58 176.59 265.94 285.79 275.05 279.02 ROA 11.85% 9.76% 10.21% 2.31% -12.61% -16.43% -2.17% 1.88% 0.96% 7.99% ROE 35.42% 36.42% 46.55% 11.69% -47.84% -41.69% -5.28% 4.82% 2.12% 16.94% ROCE 31.21% 27.35% 24.06% 9.53% -16.40% -20.61% -3.88% 6.37% 3.79% 21.51% Fixed Asset Turnover 4.19 3.75 3.57 3.17 1.67 1.09 2.29 3.18 3.58 5.81 Receivable days 33.94 32.57 20.04 15.17 22.91 23.73 29.33 34.44 36.07 26.19 Inventory Days 78.50 86.84 82.01 70.40 107.82 159.52 108.00 101.99 102.33 76.21 Payable days 65.33 70.31 67.04 66.99 103.05 135.72 79.33 62.58 58.96 59.63 Cash Conversion Cycle 47.11 49.10 35.01 18.58 27.68 47.53 58.01 73.85 79.43 42.76 Total Debt/Equity 0.54 0.84 1.46 1.45 1.80 0.99 0.45 0.60 0.53 0.10 Interest Cover 11.31 6.43 4.51 1.69 -3.66 -4.71 -1.62 2.51 1.90 14.62

Top Investors:

sachin bansal (partner of spv enterprises)

sachin bansal (partner of anandam enterprises)

sachin bansal (partner of navodaya enterprises)

investor education and protection fund authority ministry of corporate affairs

vanaja sundar iyer

Annual Reports:

News Update:

SML Mahindra reports 40% jump in total vehicle sales in August
1st Sep 2026, 09:58 AM

Passenger Vehicles sales grew 31% to 683 units in August 2026 as compared with 521 units in August 2025
Read More
SML Mahindra reports 12% growth in total vehicle sales in July
1st Aug 2026, 11:11 AM

The growth was primarily driven by the Passenger Vehicles category, where sales increased by 21% to 1186 units in July 2026
Read More
SML Mahindra reports 5% fall in Q1 net profit
21st Jul 2026, 11:30 AM

The total income of the company increased by 13.06% to Rs 958.73 crore for Q1FY27
Read More
SML Mahindra - Quarterly Results
21st Jul 2026, 00:00 AM

Read More
SML Mahindra reports 5% rise in commercial vehicles sales in June
9th Jul 2026, 12:07 PM

The company's production of commercial vehicles stood at 1,587 units in June 2026 as compared to 1,546 units in June 2025, up by 2.65% Y-o-Y
Read More
SML Mahindra signs MoU with MoRTH
22nd Jun 2026, 11:50 AM

The OEM will provide an 8 per cent discount on the ex-showroom price of eligible trucks and buses purchased under the scheme
Read More
SML Mahindra reports 15% growth in total vehicle sales in May
1st Jun 2026, 10:42 AM

Cargo Vehicles sales declined 17% to 344 units in May 2026 from 413 units a year ago
Read More

SML Mahindra Ltd.

Automobiles-Trucks/Lcv

BSE: 505192 | NSE: SMLMAH

Stock Summary

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

EBITDA CAGR (%)

PAT CAGR (%)

P:E (Median)

P:BV (Average)

EV:EBITDA (Average)

Earnings Forecasts:

Quarterly Results

Standalone Figures in Rs. Crores /

Annual Results

Standalone Figures in Rs. Crores

Results Balance Sheet

Standalone Figures in Rs. Crores

Cash Flow

Standalone Figures in Rs. Crores

Financial Ratios

Standalone

Top Investors:

Annual Reports:

News Update:

SML Mahindra Ltd.

Automobiles-Trucks/Lcv

BSE: 505192 | NSE: SMLMAH

Stock Summary

Shareholding Pattern

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

EBITDA CAGR (%)

PAT CAGR (%)

P:E (Median)

P:BV (Average)

EV:EBITDA (Average)

Earnings Forecasts:

Quarterly Results

Standalone Figures in Rs. Crores /

Annual Results

Standalone Figures in Rs. Crores

Results Balance Sheet

Standalone Figures in Rs. Crores

Cash Flow

Standalone Figures in Rs. Crores

Financial Ratios

Standalone

Top Investors:

Annual Reports:

News Update: